Do Federal Reserve policy surprises affect the risk perception in the emerging markets?

ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
Onur Ince Ph.D., Assistant Professor (Creator)
Appalachian State University (ASU )
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Abstract: Employing an event study approach, the present authors analyse whether the Federal Reserve’s policy surprises affect the risk perceptions in the emerging markets. Only weak evidence is found when the Federal Reserve follows a more expansionary policy than expected. For all other cases, the policy surprises of the Federal Reserve are ineffective.

Additional Information

Ince, O. and Ozlale, U. (2006). Do Federal Reserve Policy Surprises Affect the Risk Perception in the Emerging Markets? Applied Financial Economics Letters 2(5): 329-332 (Sep 2006). Published by Taylor & Francis (ISSN: 1744-6546). DOI: 10.1080/17446540600583547. Available online at
Language: English
Date: 2006

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